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Mortgages Payable (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following is a summary of our outstanding mortgages payable. We may refinance our maturing debt as it comes due or choose to repay it.
 
   Interest Rate at December 31, 2020Balance at December 31,
(Amounts in thousands)Maturity20202019
First mortgages secured by:    
 ParamusOct. 04, 20214.72%$68,000 $68,000 
 
731 Lexington Avenue, office condominium(1)
Jun. 11, 20241.06%500,000 500,000 
731 Lexington Avenue, retail condominium(2)
Aug. 05, 20251.55%300,000 350,000 
Rego Park II shopping center(3)
Dec. 12, 20251.50%202,544 56,836 
The Alexander apartment towerNov. 01, 20272.63%94,000 — 
 Total 1,164,544 974,836 
 Deferred debt issuance costs, net of accumulated 
 
amortization of $13,034 and $14,362, respectively
 (8,374)(3,875)
   $1,156,170 $970,961 
(1)
Interest at LIBOR plus 0.90%. Maturity date represents the extended maturity based on our unilateral right to extend.
(2)
Interest at LIBOR plus 1.40% which is subject to an interest rate swap with a fixed rate of 1.72%.
(3)
Interest at LIBOR plus 1.35%. The amount of this loan is net of our loan participation of $50,000 and $195,708 as of December 31, 2020 and 2019, respectively.
Schedule of Maturities of Long-term Debt As of December 31, 2020, the principal repayments (based on the extended loan maturity dates) for the next five years and thereafter are as follows:
 
(Amounts in thousands) 
Year Ending December 31,Amount
2021$68,000 
2022— 
2023— 
2024500,000 
2025502,544 
Thereafter94,000